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8606 Westbrook Ave Yakima, WA 98908

4 Beds 3 Baths 2,593 sqft Built 2007

$455,000

List Price

$1,821

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $175.47
  • 3 Days on Market
  • MLS # : 20-2637
  • Updated Date : 11/20/2020 at 12:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 2 full , 1 half
Listing Agent

Heritage Moultray Real Estate Serv

Listing Agent's Description

Located in the desirable neighborhood of Cottonwood Grove sits this wonderful home! From the exterior, you will be drawn in by the great curb appeal. Stepping inside onto the beautiful hardwood floors, your eye will be immediately drawn to the massively high ceilings and cozy fireplace in the living room. The living room provides an extra large space to enjoy and is open to the kitchen, providing a great environment for entertaining. The kitchen has great counter space and storage and is a perfect space to enjoy cooking your favorite meals. The master bedroom and en suite bath is located on the main level. Off the entry is a formal dining room/lounge room and also a large bonus room with high ceilings. The upper level features an upper loft sitting area, 3 bedrooms and 3rd bathroom.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 98908

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k241k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 98908

No Data Available.

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cottonwood Elementary School Primary Regular 425 28 8
West Valley Middle School Middle Regular 813 38 6
West Valley High School High Regular 1,040 44 6

Cottonwood Elementary School

  • Education Level: Primary
  • # of students: 425
  • # of teachers: 28
8
GreatSchools Rating

West Valley Middle School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 38
6
GreatSchools Rating

West Valley High School

  • Education Level: High
  • # of students: 1,040
  • # of teachers: 44
6
GreatSchools Rating
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,639$2,003$1,821

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,821
EXPENSES Loan Payment -$1,679
Property Tax -$352
Property Insurance -$79
Property Management Fees -$109
CASH FLOW
-$398

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$455,000

PROJECTED PRICE

$1,821

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,940

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,821

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,821
1$1,821
$1,821
RENT COMPS ANALYSIS
  • 8606 Westbrook Ave Yakima, WA
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,821
    • $0.70
    •  
PROPERTY LISTING DETAILS
Weldon Schademan
1.509.833.1250
Heritage Moultray Real Estate Serv
BESbswy